Economies of Scale and Diseconomies of Scale Explain

question 231

Multiple Choice

Economies of scale and diseconomies of scale explain

• A) cost behavior in the short run.
• B) profit maximization in the long run.
• C) the U-shape of the long-run average cost curve.
• D) the U-shape of the short-run average total cost curve.
• E) the U-shape of the marginal cost curves.

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Definitions:

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Sound waves that have a frequency higher than the upper limit of human hearing, used in applications like ultrasound imaging.

Ultrasonography

A diagnostic imaging technique that uses high-frequency sound waves to create images of organs and structures inside the body.

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A condition characterized by an excessive amount of calcium in the urine.

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A chemical element essential for living organisms, primarily in bone formation and maintenance, blood clotting, and muscle function.